Plan Ledger DOL Form 5500 · updated monthly

The Spinx Company, Inc.401(k)

THE SPINX COMPANY, INC. 401(K) RETIREMENT SAVINGS PLAN · GREENVILLE, SC · plan year 2024

Reported admin expense ratio · 2024
0.61%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

The Spinx Company, Inc. reported $220,228 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,654 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.70% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 149th-largest of 807 plans among South Carolina employers on file, and the 805th of 5,215 in retail trade. In 2024, employees put in $1.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,305,716
Participants with balances1,185
Active participants957
Employer contributions$2,539,603
Employee contributions$2,653,348
Employer contribution per active participant$2,654
Average account balance$33,169
Benefits paid to participants$3,574,659
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.3M · 1,185 accts · $2.5M emplr
2023$33.0M · 1,158 accts · $2.5M emplr
2022$26.3M · 1,073 accts · $3.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$183,789
Investment management$36,439
Total administrative$220,228
The The Spinx Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,654
Median for plans this size$2,416
2024$2,654 per active participant
2023$2,751 per active participant
2022$3,569 per active participant

The Spinx Company, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$183,789
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)$36,439
RELIANCE TRUST COMPANY · Custodial (securities)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$220,228 · 0.61%
2023$194,036 · 0.65%
2022$195,305 · 0.70%
Same employer
Similar plansRetail Trade · South Carolina
Hudson Automotive Group SC$92.3M · 0.64%
The Greenery, Inc. SC$40.7M · 0.13%
Dick Smith Automotive Group SC$28.5M · 0.10%
Jje Capital Holdings, LLC SC$23.3M · 0.44%
Applegreen Companies SC$20.3M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570551551 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.